The Malaysian Association of Malay Vehicle Importers and Traders (Pekema) has issued a request to the ministry of trade, investment and industry (MITI) to increase the number of approved permits (APs) for used vehicles from 35,000 units a year to 50,000 units a year, at the same import fee of RM10,000 for each AP, Harian Metro reported.
Increasing the volume of imported vehicles will benefit all parties involved in the imported vehicle industry and its downstream industries, said Pekema president Datuk Mohamed Nazari Noordin, who is confident that the move will boost the industry by more than RM2 billion that is contributed by the imported vehicles industry, and can also generate revenue for MITI from vehicle import fees.
“The Royal Malaysian Customs Department would also collect revenue from import and excise duties as well as road tax. This will also generate income for other industries involved such as the banking, insurance, vehicle warranty sectors and more,” Nazari said.
According to Nazari, the government’s introduction of the open AP policy has increased the number of AP holders from 100 companies to 300 companies, and therefore the current allocation of 35,000 APs annually is not sufficient for all Pekema members.
Nazari hopes that MITI would approve the application from Pekema for the increase in used imported cars by 15,000 units, to 50,000 units annually in order to allow room for more growth in the nation’s automotive market, the Pekema president said in a statement at Pekema’s 42nd annual general meeting, which was also attended by minister of international trade and industry Tengku Datuk Seri Zafrul Abdul Aziz.
In terms of percentage, the proportion of vehicles imported with open APs consist of just 6.8% of the 725,000-unit projected total industry volume (TIV) that has been forecast by the Malaysian Automotive Association (MAA).
This follows a revision of its full-year forecast in July this year as vehicle sales in Malaysia in the first half of 2023 grew 10.3% year-on-year to 366,067 units. In addition, not all vehicles imported by Pekema are sold the same year they are imported, said Nazari.
Meanwhile, MITI will evaluate Pekema’s application for the increase in open APs based on the latest data from Pekema as well as from the ministry of finance, Zafrul said. “The increase to 50,000 units [of open APs] is requested as the current limit of 35,000 units is 30 years old, and no longer reflects the current market. The ministry will refine and work with Pekema for the justification of revisiting [the 35,000 unit limit], he said.
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AP is meant for cronies. Government must stop this immediately.
clueless B40 still blindly sapot Madey PN cronies. so no problemo
Kasi tongkat mintak kerusi roda. 5 tahun lagi mintak kereta jenazah?
Eat, sleeep, breed, mintak tongkat, repeat
association that is race based should be discouraged. it will increase the polarization of race and religion.
When it’s their turn, it’s called “Bumiputera Special Privileges” and no one can question them. If anyone try to question, then it’s “Increase the polarization of race and religion”.
We all have already tired and stopped trying, that’s why you see little comments here.
I fully support increase to 74ribu APs. my own Toyota Land Cruiser LC 300 ( Limited ),4WD got stuck becuz short of AP dis year.. Manage to nego a gudprice rm620k ajer
So many fugly cartoon japanese bread box or fridge on wheels on the road already, don’t make it worst.
Cant blame them. Their Tesla business also screwed up. Got to ask more privileges to survive.
Greedy…greedier…greediest
Scrap the system.Open up for all SMART entrepreneurs.
One of the reasons,some foreign FDIs are not coming in,when they see these “increasing tongkats” .
Only sick ,handicap people need crutches.
Last week,I was hospitalised.My roomate is a young dude with double crutches..He got multiple bone fractures from a sporting event.
If still want to help bumiputeras…pls open up to the other not so well ” connected”.Help those who need help.Not those who r already super rich.
Had to take a double look when reading just now the word Pekema.. thought it was a Hokkien swear word, my bad
Ha..mintak tongkat lagi..lol
Wow. These PEKEMA people still wants tongkat from government. No shame at all whatsoever.
Don’t know what to comment, sorry
Get rid of APs and not just for vehicles but for absolutely everything. No more controls, let people import freely.
I sense lots of under table profit in the whole line of operation here until the car is sold. just have to admit the top are talented in this…
I have a better proposal. Why not abolish the AP?
bloodsuckers.
AP just a paper cost around RM0.01, selling @ RM25,000.00. so 50k AP x (RM25k – RM0.01) = ?? my math isnt tat good, please help out.
Sorry, did I just read, they want more free money?
Seems like it.
So rich still want more tongkat lol. What have those people contributed to our economy? Nothing. Open up AP to all citizen, and let them pay tax fairly. BTW, I am a Malay.
tongkat sambung syabas
Is pekema still relevant? Only enrich them. Govt should abolish all this AP.
50K APs kalau jual saja RM5k/AP kaya Raya duduk rumah kira dana !
Parasites. Never enough for these people.